GoldMinerPulse.com -- Chesapeake Gold Corp.:  (NI) 43-101 Metal Valuation Report

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Chesapeake Gold Corp. (CKG)

Company Web Site: www.chesapeakegold.com

(NI) 43-101 reports from projects located in: Mexico (MX)

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-02-02. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-12.

External Links: Yahoo News and Quotes  |  MB  |  StockCharts  |  StockHouse

More External Links: Canadian Insider Trading

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-12

Project/Deposit CC MVpSh  PP%  MI%  I% GoldSilverZinc
    MetatesMX$633.05090%10%16.60 M oz    433.75 M oz    1.30 M t    
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-12
Metric / MetalGoldSilverZinc
    Metal Totals16.60 M oz    433.75 M oz    1.30 M t    
    Metal Prices in US$ (from 2010-03-12)$1,102.60 per oz    $17.07 per oz    $1.00460 per lb    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)		$405.50    $163.99    $63.56    
    Percentage of Total Metal Value64.05%    25.90%    10.04%    
    PP% | MI% | I%0 | 89% | 11%    0 | 91% | 9%    0 | 93% | 7%    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-12
    Metal Value per Share (MVpSh)   US$633.05
    Average Ore Value per Tonne   US$36.77
    Metal Value Leverage (MVL)    70.91
    Market Capitalization as % of Metal Value   1.4%
    Recent Stock Price   C$9.09   (TSX/TSXV close on 2010-03-12.)
  Conversion rate used: 1 Cnd$ = 0.982172 US$ )
    Fully Diluted Share Count   45.15 M    ( Fully diluted share count taken from the Chesapeake Gold Corp. Share Data web page (viewed February 2010). )
    PP% | MI% | I%   0 | 90% | 10%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade   0.664 g/t
    Market Capitalization
    per oz of Gold In Ground		   $24.28   US$  |   24.72   C$
    Gold Eq Oz Estimate   25.92 M oz   ( 16.60 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent		   $15.55   US$  |   15.83   C$
 
See terms for more about GoldMinerPulse metrics.

Additional Notes:

TALAPOOSA PROJECT, LYONCOUNTY, NEVADA    -   TECHNICAL REPORT ON TALAPOOSA PROJECT, LYON COUNTY, NEVADA PREPARED FOR CHESAPEAKE GOLD CORP.
77 pages, issued 2007-10-01

Quote:
Based on a 1996 Miramar resource estimate, the Talapoosa Property contains a historical measured resource of 33.7 million tons grading 0.026 opt Au and 0.36 opt Ag, an indicated resource of 8.9 million tons grading 0.022 opt Au and 0.28 opt Ag with an additional inferred resource of 2.4 million tons at 0.019 opt Au and 0.34 opt Ag. These resources were completed prior to the implementation of National Instrument 43-101 reporting standards and are considered historical in nature. Recent independent verification of the data has not been performed and Chesapeake has not completed sufficient exploration to verify the historical resource estimates. The resources have been reviewed by recognized consultants, and are considered relevant today. Chesapeake is not treating the historical estimates as NI 43-101 defined resources or reserves verified by a qualified person, and the historical estimates should not be relied upon.
 

Other Projects    -   Please see Cheasapeake Gold Corp. project page.

  • Tatatila, Veracruz State
  • La Gitana, Oaxaca State
  • El Tecomate Gold-Silver Property, Durango State, Mexico
  • La Cecilia, Chihuahua, Mexico
  • La Salvacion, Sonora, Mexico
  • La Calavera, Oaxaca, Mexico
  • Santo Domingo, Nicaragua
 

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of Chesapeake Gold Corp. is complete pending a final internal review.

Metates    -  ^top^

(NI) 43-101 Report:

Title: METATES GOLD/SILVER PROJECT DURANGO STATE, MEXICO
Date: 2009-06-17 (143 pages)

Updates: Also see News Release Chesapeake Announces New NI 43-101 Mineral Resource Estimate for Metates dated May 7, 2009.

Project Location: Durango, Mexico  /  Mining Region: Sierra Madra Occidental

Map View: View project on Google Map

Most Optimistic Resource Estimates (MORE):

   •Measured + Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$358.90    14.70 M oz     0.650 g/t     703.26 M t    
   Silver$149.60    395.68 M oz     17.500 g/t     703.26 M t    
   Zinc$58.99    1.20 M t       1,710.000 g/t     703.26 M t    
Estimate notes: See May 2009 News Release Table.
Resource is tabulated at a 0.5 g/t Equivalent Gold Cutoff Grade Equivalent Gold = Gold + Silver / 72
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$46.60    1.91 M oz     0.802 g/t     74.00 M t    
   Silver$14.39    38.07 M oz     16.000 g/t     74.00 M t    
   Zinc$4.57    93.24 K t       1,260.000 g/t     74.00 M t    
Estimate notes: See notes for Measured + Indicated above.
cutOffNotes

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